What Does Economic Freedom Look Like?

Pundits can talk your ear off about what they think, politicians can endlessly tell you how their plans will fix things, and professors can give you their views on what they feel is necessary. Luckily there are real numbers to compare these groups, and their claims, with reality. Economic indicators and statistics can be manipulated to fit arguments and talking points but you’ll always find similarities. Factors such as GDP (Gross Domestic Product) and average income always has the US on the positive side of the scale, while countries like North Korea almost always fall on the failing, or at best struggling, side of global economic comparisons. The difference? Americans can do what they wish, when they want, and in a way they so choose. North Koreas are told how to act, what to say, and even how to think. Americans have significantly more freedoms than, say, North Koreans. This has been our publicized “secret to success.” Here’s hoping more people understand that the more thick the U.S. Code gets with minute instructions and limits to how we handle our money, and thereby our ideas and rights, the thinner our achievements will be in long-term economic development and happiness.

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More than 1,100 professional economists have joined with the National Taxpayers Union to urge President Trump and Congress to reconsider their trade policies. Click here to view the letter, which includes former White House economic advisors from both parties, as well as 15 Nobel Prize winners.

The tax reform package passed by the House and Senate will provide relief to millions of individuals, families, and businesses. Let's take a moment to thank Congress for delivering strong tax reform before the end of the year.